• <center><b>Koller International Auctions<br>Books, Manuscripts & Autographs<br>23 September 2020</b>
    <b>Koller Auctions, Sep. 23:</b> Diderot, [Denis] - D'Alembert, [Jean Le Rond]. <i>Encyclopédie, ou dictionnaire raisonné des sciences, des arts et des métiers...</i> 17 text volumes, 4 supplement volumes, 11 plate volumes. €21,930 to €30,700.
    <b>Koller Auctions, Sep. 23:</b> [Philipon, Ch.]. <i>La Caricature,</i> Journal. No. 1-251 in 4 volumes. With 526 lithographs by H. Daumier, Grandville, A. Devéria, P. Gavarni, M. Delaporte, Adam, Raffet, Huot et al. €7,020 to €10,530.
    <b>Koller Auctions, Sep. 23:</b> Chagall, Marc. <i>Le Cirque</i>, Paris 1967. With 38 (of which 23 coloured and 3 double-page) original lithographs by M. Chagall. €61,400 to €78,950.
    <b>Koller Auctions, Sep. 23:</b> L'Isle, Guillaume de. <i>Atlas nouveau, contenant toutes les parties du monde.</i> [AND:] Sanson, Guillaume. <i>Inleidinge tot de geographie. 3 volumes.</i> €19,300 to €28,070.
    <center><b>Koller International Auctions<br>Books, Manuscripts & Autographs<br>23 September 2020</b>
    <b>Koller Auctions, Sep. 23:</b> Roberts, David. <i>The Holy Land, Syria, Idumea, Arabia, Egypt, & Nubia…</i> Lithographed by Louis Haghe. 6 parts in 6 volumes. 238 original lithographs and 2 engraved maps. €19,300 to €28,070.
    <b>Koller Auctions, Sep. 23:</b> Berlèse, Lorenzo and Johann Jakob Jung. <i>Iconographie du genre camellia ou description et figures des camellia les plus beaux et les plus rares.</i> 3 volumes. With 301 coloured engraved plates. €17,540 to €21,930.
    <b>Koller Auctions, Sep. 23:</b> Merian, Maria Sybilla. <i>Over de voortteeling en wonderbaerlyke veranderingen der Surinaamsche insecten...</i> With engraved frontispiece, title vignette and 72 copperplates. €17,540 to €26,320.
    <b>Koller Auctions, Sep. 23:</b> Burckhardt, Johann Ludwig, Explorer. Collection of 24 handwritten letters from his youth and student days to his eldest (step) brother, Johann Burckhardt-Gemuseus and his wife Anna Elisabeth. €2,630 to €4,390.
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>25 September 2020</b>
    <b>Forum Auctions, Sep. 25:</b> Chagall (Marc). <i>Cirque,</i> one of 270 copies on Arches signed by the artist, 38 lithographs, 23 colour, Paris, Tériade Éditeur, 1967. £100,000 to £150,000.
    <b>Forum Auctions, Sep. 25:</b> Sangorski (Alberto).- Poe (Edgar Allan). <i>Annabel Lee and Other Poems,</i> illuminated manuscript in gold and colours, bound in turquoise morocco tooled in gilt and inlaid with 35 jewels, [c.1928]. £50,000 to £70,000.
    <b>Forum Auctions, Sep. 25:</b> Darwin (Charles) and Alfred R. Wallace. “On the Tendency of Species to form Varieties...,” contained in <i>Journal of the Proceedings of the Linnean Society,</i> 1859. £12,000 to £18,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>25 September 2020</b>
    <b>Forum Auctions, Sep. 25:</b> Ornament.- Basque metalwork.- Zuloaga (Eusebio) and Workshop. Collection of twenty-three original ornament designs for damascening, [19th century]. £8,000 to £12,000.
    <b>Forum Auctions, Sep. 25:</b> Arms and Armour.- Rugendas.- <i>Der Harnisch Von Seinem Entstehen Bis Zu Seinem Wiedervergehen In Bildern Dargestelt Und Gezeichnet,</i> [1714 and later]. £6,000 to £8,000.
    <b>Forum Auctions, Sep. 25:</b> Webster (John). <i>A Monumental Columne, erected to the liuing memory of the euer-glorious Henry, late Prince of Wales,</i> rare first edition, Printed by N[icholas]. O[kes]. for William Welby, 1613. £6,000 to £8,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>25 September 2020</b>
    <b>Forum Auctions, Sep. 25:</b> Donne (John). <i>Poems, by J.D. with elegies on the Authors Death,</i> first edition, Printed by M[iles]. F[lesher]. for Iohn Marriot, 1633. £6,000 to £8,000.
    <b>Forum Auctions, Sep. 25:</b> Brangwyn (Frank). <i>Venice,</i> oil on canvas, [c. 1908]. £4,000 to £6,000.
    <b>Forum Auctions, Sep. 25:</b> Sewell (Anna). <i>Black Beauty: his Grooms and Companions. The Autobiography of a Horse,</i> first edition, original cloth, [1877]. £3,000 to £4,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>25 September 2020</b>
    <b>Forum Auctions, Sep. 25:</b> Gray (John Edward). <i>Gleanings from the Knowsley Menagerie and Aviary at Knowsley Hall,</i> first edition, one of c.100 copies privately printed for the author, 1850. £3,000 to £4,000.
    <b>Forum Auctions, Sep. 25:</b> George III (King). Warrant signed "George R" for the payment of £60,634 granted for the North American Provinces to the Province of Massachusetts Bay, D.s., manuscript, [c. 1761-62]. £2,000 to £2,500.
    <b>Forum Auctions, Sep. 25:</b> Mecca, Medina & Damascus.- 2 manuscript plans of Mecca and El Medinah and a map of Damascus, 3 detailed pen and ink drawings with 3pp. of manuscript notes, [late 19th century]. £1,000 to £1,500.
  • <b>Swann Auction Galleries Sep 24:</b> John Richard, sketchbook kept by soldier-artist during last months of Civil War, 55 drawings, 1865. $25,000 to $35,000.
    <b>Swann Auction Galleries Sep 24:</b> Guest register for Catskill Mountain House, with signatures of many notable guests, 1839-43, 1846-52. $5,000 to $7,500.
    <b>Swann Auction Galleries Sep 24:</b> Manuscript confirmation of arms & nobility, Esquivel y Vargas family, Salvatierra, Guanajuato, Mexico, 1731. $5,000 to $7,500.
    <b>Swann Auction Galleries Sep 24:</b> Elizabeth Shoumatoff, 3 watercolor studies for famous “Unfinished Portrait” of FDR, 1945. $40,000 to $60,000.
    <b>Swann Auction Galleries Sep 24:</b><br><i>Sa Ga Yean Qua Rash Tow, Coning Vande Maquas alias Coning Brant,</i> engraving by Pieter Schenck, Netherlands, c.1710s. $3,000 to $4,000.
    <b>Swann Auction Galleries Sep 24:</b> Stamp from the Stamp Act of 1765, embossed, “II Shillings VI Pence.” $6,000 to $9,000.
    <b>Swann Auction Galleries Sep 24:</b><br><i>The Law of God,</i> five volumes, first edition, first Jewish translation of the Pentateuch into English, 1845-46. $6,000 to $9,000.
    <b>Swann Auction Galleries Sep 24:</b> Diary of James W. Bentley, a cavalry officer protecting settlers on the Overland Trail, 1865. $15,000 to $25,000.
    <b>Swann Auction Galleries Sep 24:</b> Pedro de Arenas, <i>Vocabulario manual de las lenguas castellana y mexicana,</i> complete first edition, Mexico, 1611. $12,000 to $18,000.
  • <center><b>Leland Little Auctions<br>The Important Fall Auction<br>September 19, 2020</b>
    <b>Leland Little, Sep. 19:</b> <i>Bull City Summer Portfolio</i> (Complete Portfolio of 15 Photographs by Alec Soth, Hank Willis Thomas, and Hiroshi Watanabe). $8,000 to $12,000.
    <b>Leland Little, Sep. 19:</b> Krishna Reddy (Indian, 1925-2018), <i>Three Graces.</i> Mixed color intaglio print on paper, 1958, pencil signed. $2,000 to $4,000.
    <b>Leland Little, Sep. 19:</b> after Georges Braque (French, 1882–1963), <i>Hommage à J. S. Bach.</i> Etching and aquatint in colors, 1950, pencil signed and numbered 277/300. $2,000 to $4,000.
    <center><b>Leland Little Auctions<br>The Important Fall Auction<br>September 19, 2020</b>
    <b>Leland Little, Sep. 19:</b> Heller, Joseph. <i>Catch-22,</i> First Edition (New York Simon & Schuster, Inc., 1961). $500 to $1,000.
    <b>Leland Little, Sep. 19:</b> Rey, Margaret & H. A. <i>Curious George Goes to the Hospital,</i> First Edition. (Boston: Houghton Mifflin Company, 1966). $500 to $1,000.
    <b>Leland Little, Sep. 19:</b> Large 1754 Map of St. Croix, Dutch West Indies by Jens Michelsen Beck. Sheet 21.25 x 31.75 in.; DOA 31.25 x 41.25 in. $300 to $600.

Rare Book Monthly

Articles - February - 2013 Issue

Book Prices Declined in 2012... Maybe

Washconst

George Washington's copy of the Constitution was the top priced book auctioned in 2012 - $9,826,500.

All else being equal...

This month we look back at 2012 at auction for our annual state of the book trade review. This is not because most books are bought and sold at auction. They are not. Most sell through dealer shops, online at listing sites or eBay, or through other private transactions. However, those transactions are hidden from the public eye. Only auction sales take place under the glare of the open market, so they provide our best look at what is taking place in the trade.

This past year's numbers indicate a decline in price, which seems consistent with unscientific, anecdotal comments from dealers. Still, this brings us back to that first line - all else being equal. All else was not equal in the auction rooms this past year. More books are appearing at auction. Whether this represents a shift in how books are sold, or reflects a greater quantity of books coming to market, is unclear. What it does say is that changes are taking place in the book market. A flood of books to a particular venue could push prices down while not necessarily being reflective of the overall market. Most likely it reflects some softening in price, but we cannot be as confident of this assessment as we would be if sales volume was similar while prices went down.

For example, one notable difference was the emergence of Heritage Auctions as a high volume seller. We've not seen anything quite like it before. Their share of books sold at auction rose from 1.7% a year earlier to 12.5% last year. Their median, as might be expected with such a high volume, was lower than average, skewing the numbers down.

This past year, we were able to track 310,489 items in the books/paper/ephemera field offered at auction, with 221,248 lots sold. The sell through rate was 71%. The previous year (2011), the number of lots offered was 244,840, with 166,903 sold, a sell-through rate of 68%. That's a 27% increase in lots offered, and despite the “flooding” of items, the sales rate actually increased by 3%. For starters, we can conclude there is a robust market for books, even if prices may have come down somewhat.

Next, we look at the median price for books at auction, the price at which half of the items (which sold) sold for more, and half for less. For 2012, that number was $351.That is down from $378 the prior year. That is a drop of 7%, a not insignificant amount. Still, it is hard to determine whether the higher number of books being offered explains more of the drop than does a deteriorating market.

So... next we looked at the percentage of items which sold for more than their high estimate vs. the number which sold for less than their low estimate. This one was surprising. Last year, 51% of the lots which sold, sold for more than the high estimate, vs. 28% for less than the low estimate. The prior year, that ratio was 46%-30%. In other words, even though the median price was down, more books last year were selling for more than was expected than was the case the previous year. Unless auction houses were greatly reducing their estimates, which seems unlikely, books and related material were outselling expectations, and achieving a greater sell-through rate. This is not what we would expect from a depressed market. The result is that while we experienced a 7% decline in the median price of books at auction last year, it appears that this decline can at least in part be attributed to many more books being put up for sale at auction this past year, rather than declining interest.

What does this mean for the traditional bookseller? We have only anecdotal evidence of their sales, but it will surprise no one in the trade that we don't hear a great many dealers saying they had a bang-up year. Bookselling can be challenging these days. Traditional strategies, from issuing paper catalogues, to operating bricks and mortar showrooms, to attending book fairs, may not work as well as they once did. Nevertheless, it should be of comfort for those in the trade to realize that books are selling, and at a slightly higher rate at auction than a year ago. The market is still there. The challenge is finding it.

The volume leader this past year was Heritage Auctions, selling 27,662 lots. They now conduct some of their sales online. Runner-up was last year's leader, Kiefer Buch und Kunstauktionen of Germany, with 13,034. Despite slipping to second, their unit sales nonetheless rose 15%. Bloomsbury was the only other house to reach five digits, with 11,375 (note – major houses such as Sotheby's and Christie's are tracked by individual location, rather than combining all sales).

The highest median price went to Christie's King Street location in London, at $13,000. Also in five digits were Sotheby's in New York at $10,625 and Christie's in New York at $10,000. However, the highest average sale went to Sotheby's in London at $47,135. A higher average relative to the median indicates some very expensive items were among their mix. For those scared off by such numbers, the median at 16 auction houses was between $100 and $200. There are auction houses that feature many lots in double digits, affordable for those who don't frequent the halls of Christie's and Sotheby's.

Fall, followed by spring, remain the most active times of the year, with November again being the busiest month. However the greatest increases on a percentage basis came in some of the traditionally off-months, including July and January. With more material coming to auction, some houses have been holding sales in traditionally slow months, evidently attempting to avoid being lost in the rush of the busiest months.

Rare Book Monthly

  • <b>Il Ponte Casa d’Aste, Sep. 22:</b> CORONELLI, Vincenzo (1650-1718) - <i>Atlante Veneto.</i> Venezia: Domenico Padovani, 1690. €15,000 to €20,000.
    <b>Il Ponte Casa d’Aste, Sep. 22:</b> [CANALETTO] - VISENTINI, Antonio; da Giovanni Antonio CANAL (detto 'Il Canaletto'). - <i>Urbis Venetiarum prospectus celebriores.</i> Venezia, 1754. €12,000 to €18,000.
    <b>Il Ponte Casa d’Aste, Sep. 22:</b> RAMELLI, Agostino - <i>Le diverse et artificiose machine nelle quali si contengono uarij et artificiosi mouimenti…</i> Paris: presso l'autore, 1588. €6,000 to €9,000.
    <b>Il Ponte Casa d’Aste, Sep. 22:</b> <i>Anthologia Graeca Planudea [in grego]</i> - Edita da: Janus Lascaris (1445-1535). Firenze: Lorenzo di Francesco de Alopa, 11 Agosto 1494. €10,000 to €15,000.
  • <center><b>Forum Auctions<br>A further selection of<br>16th and 17th century English books from the Fox Pointe Manor Library<br>24 September 2020</b>
    <b>Forum Auctions, Sep. 24:</b> Locke (John). <i>An Essay Concerning Humane Understanding in Four Books,</i> first edition, second issue, 1690. £12,000 to £18,000.
    <b>Forum Auctions, Sep. 24:</b> Plutarch. <i>The lives of the noble Grecians and Romanes, compared together by that graue learned philosopher and historiographer, Plutarke of Chæronea,</i> first edition of this translation, 1579. £8,000 to £12,000.
    <b>Forum Auctions, Sep. 24:</b> [Allott (Robert, editor)]. <i>Wits Theater of the little World,</i> first edition, 1599. £5,000 to £7,000.
    <center><b>Forum Auctions<br>A further selection of 16th and 17th century English books<br>from the Fox Pointe Manor Library<br>24 September 2020</b>
    <b>Forum Auctions, Sep. 24:</b> Execution of Quakers in Boston.- Stephenson (Marmaduke). <i>A Call from Death to Life,</i> first edition, 1660. £4,000 to £6,000.
    <b>Forum Auctions, Sep. 24:</b> Boyle (Robert). <i>The sceptical chymist: or Chymico-physical doubts & paradoxes…,</i> 2 parts in 1 vol., second edition, 1680. £3,500 to £4,500.
    <b>Forum Auctions, Sep. 24:</b> Atlases.- Morden (Robert). <i>[Geography Rectified: or, A Description of the World],</i> [c.1688]. £3,000 to £4,000.
    <center><b>Forum Auctions<br>A further selection of 16th and 17th century English books<br>from the Fox Pointe Manor Library<br>24 September 2020</b>
    <b>Forum Auctions, Sep. 24:</b> Bread.- Penkethman (John). <i>Artachthos or a New Booke declaring the Assise or Weight of Bread,</i> 1638. £2,000 to £3,000.
    <b>Forum Auctions, Sep. 24:</b> Anatomy.- Collins (Samuel). <i>A Systeme of Anatomy, treating of the Body of Man, Beasts, Birds, Fish, Insects, and Plants,</i> 2 vol., first edition, 1685. £2,000 to £3,000.
    <b>Forum Auctions, Sep. 24:</b> Wine.- [Ames (Richard)]. <i>The Bacchanalian Sessions; or The Conten' tion of Liquors: With a Farewel to Wine,</i> first edition, 1693. £2,000 to £3,000.
    <center><b>Forum Auctions<br>A further selection of 16th and 17th century English books<br>from the Fox Pointe Manor Library<br>24 September 2020</b>
    <b>Forum Auctions, Sep. 24:</b> Witchcraft.- Bekker (Balthasar). <i>The World Bewitch'd; or, An Examination of the Common Opinions Concerning Spirits,</i> vol. 1 (all published), first English edition, 1695. £2,000 to £3,000.
    <b>Forum Auctions, Sep. 24:</b> Great Plague and Great Fire of London prophesied.- Lilly (William). <i>Monarchy or No Monarchy in England,</i> first edition, 1651. £1,500 to £2,000.
    <b>Forum Auctions, Sep. 24:</b> Swimming.- Thevenot (Melchisédec). <i>The Art of Swimming. Illustrated by Proper Figures. With Advice for Bathing,</i> first edition in English, 1699. £1,500 to £2,000.
  • <center><b>Hindman Auctions<br>Selections from the Library of<br>Gerald and Barbara Weiner<br>Live and Online<br>October 8, 2020 / 10am CT</b>
    <b>Hindman Auctions, Oct. 8:</b> DARWIN, Charles Robert. <i>On the Origin of Species by Means of Natural Selection.</i> London: W. Clowes and Sons for John Murray, 1859. [With] autograph note signed. $60,000 to $80,000.
    <b>Hindman Auctions, Oct. 8:</b> [FINE PRESS & LIVRE D'ARTISTE]. -- [KELMSCOTT PRESS]. CHAUCER, Geoffrey. <i>The Works ... now newly imprinted.</i> Edited by F.S. Ellis. Hammersmith: Kelmscott Press, 1896. $60,000 to $80,000.
    <b>Hindman Auctions, Oct. 8:</b> LAWRENCE, Thomas Edward. <i>Seven Pillars of Wisdom, a triumph.</i> [London: Privately Printed], 1926. $60,000 to $80,000.
    <center><b>Hindman Auctions<br>Selections from the Library of<br>Gerald and Barbara Weiner<br>Live and Online<br>October 8, 2020 / 10am CT</b>
    <b>Hindman Auctions, Oct. 8:</b> SHAKESPEARE, William. <i>Mr. William Shakespear's Comedies, Histories, and Tragedies…</i> London, Printed for H. Herringman, E. Brewster, R. Chiswell, and R. Bentley, 1685. $60,000 to $80,000.
    <b>Hindman Auctions, Oct. 8:</b> AUDUBON, John James. <i>The Birds of America…</i> [1839-] 1840-1844. -- AUDUBON, John James and John BACHMAN. <i>The Quadrupeds of North America.</i> 1849-1854. $60,000 to $80,000.
    <b>Hindman Auctions, Oct. 8:</b> OGILBY, John, trans. [MONTANUS, Arnoldus]. <i>America: being the latest, and most Accurate Description of the New World…</i> London: Printed by the Author, 1671. $30,000 to $40,000.
    <center><b>Hindman Auctions<br>Selections from the Library of<br>Gerald and Barbara Weiner<br>Live and Online<br>October 8, 2020 / 10am CT</b>
    <b>Hindman Auctions, Oct. 8:</b> HOBBES, Thomas. <i>Leviathan, or The Matter, Forme, & Power of a Common-Wealth Ecclesiasticall and Civill.</i> London: printed for Andrew Crooke, 1651. $20,000 to $30,000.
    <b>Hindman Auctions, Oct. 8:</b> BLACKWELL, Elizabeth. <i>A Curious Herbal, containing Five Hundred Cuts of the most useful Plant which are now used in the Practice of Physick…</i> London: John Nourse, 1739. $15,000 to $20,000.
    <b>Hindman Auctions, Oct. 8:</b> MILTON, John. <i>Paradise Lost.</i> London: Printed by S. Simmons ... to be sold by T. Helder, 1669. $12,000 to $18,000.
    <center><b>Hindman Auctions<br>Selections from the Library of<br>Gerald and Barbara Weiner<br>Live and Online<br>October 8, 2020 / 10am CT</b>
    <b>Hindman Auctions, Oct. 8:</b> MALCOLM X. Typed letter signed ("Malcolm X"), to Alex Haley. Cairo, Egypt, 18 September 1964. " 1 page, 8vo. $6,000 to $8,000.
    <b>Hindman Auctions, Oct. 8:</b> TOLKIEN, John Ronald Reuel. Autograph letter signed (“JRRT”). To George Sayer, Oxford, 7 August 1952. 2 pages, 8vo, creased; morocco folding case. $4,000 to $6,000.
    <b>Hindman Auctions, Oct. 8:</b> WRIGHT, Frank Lloyd. Autograph manuscript signed ("Frank Lloyd Wright"), entitled "To the Countryside." N.p. [Taliesin?], [June 1926]. 2 pages, 4to, creased. $4,000 to $6,000.

Article Search

Archived Articles

Ask Questions